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Posted by
JAGBCL
on 2007-10-14

PUBLIC:

Jason Caplain is a fish out of water, a quant by nature, which explains why their first investment went south really, really fast. Without a second cash infusion from a first investor (while 'Fund I' was still being raised, in spite of a dismal first investment in a company which was bankrupt), this fund wouldn't even be here. In other words, he blows a lot of smoke, which I guess someone told him was cool to do as a VC. It isn't.

I mean, look at their 'Firm Overview". Geez - Hummer Winblad's is shorter than that...

Having said that, I find that yes, Jason works hard, and no, his words don't match his actions. While he's happy to put on a 'bring any idea to us and we'll spend time with you' seminar with the founder of ChannelAdvisor, he also says that 'Ideas are really cheap'. Um, which is it"